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U.S. leading index slips

December 20 2007
The Conference Board reported the U.S. leading index of economic indicators fell 0.4% in November to 136.3. Based on revised data, the index fell 0.5% in October and rose 0.1% in September.

Three of the 10 indicators increased in November. They were vendor performance, average weekly manufacturing hours, and manufacturers' new orders for nondefense capital goods. The negative contributors were stock prices, average weekly initial claims for unemployment insurance (inverted), index of consumer expectations, real money supply, building permits, interest rate spread, and manufacturers' new orders for consumer goods and materials.

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